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Project Accountant - UK GAAP Changes
Job summary
A leading IT company in Birmingham is seeking a Project Accountant to support the finance function during a significant period of change. This hybrid role requires an experienced accountant to implement FRS 102 lease and revenue recognition standards, ensuring policies and processes are updated effectively. Ideal candidates will have extensive experience in accounting transitions and strong technical knowledge of relevant standards. The position offers a competitive salary and excellent company benefits.
Benefits
Qualifications
- Qualified accountant (ACA / ACCA / CIMA or equivalent) required.
- Experience in delivering accounting change or transition projects is a must.
- Strong understanding of FRS 102, particularly revenue recognition and lease accounting.
Responsibilities
- Lead the assessment of revised FRS 102 revenue recognition requirements.
- Implement revised lease accounting processes in compliance with FRS 102.
- Support changes to finance systems and reporting tools.
Skills
Education
We are actively building diverse teams and welcome applications from everyone.
Project Accountant
Birmingham (SCC operate hybrid working, which comprises of a mix of office and home working)
6 month FTC with a potential to extend
£80,000- £100,000 plus large company benefits, a broad flexible benefits scheme, and 2 paid-for volunteering days a year
9.00 am – 5.30 pm Monday – Friday
2-stage process
- An inclusive workplace
- Excellent package: solid basic and company benefits
- Hybrid working & core hours in line with role requirements
- Career development and life-long learning opportunities
- Opportunity to join Europe\'s largest privately-owned IT Company
We are seeking an experienced Project Accountant to support the finance function through a significant period of change. The role will focus primarily on the implementation of FRED 82 leases and revenue recognition under UK GAAP, ensuring accounting policy changes are successfully delivered, systems and processes are updated, and stakeholders are supported throughout the transition.
- Lead the assessment of the impact of revised FRS 102 revenue recognition requirements on existing contracts and income streams.
- Review current revenue recognition policies and identify differences under the amended standard.
- Perform contract reviews and revenue stream mapping to assess timing and measurement impacts.
- Design and document revised accounting policies aligned with FRS 102 transitional guidance.
- Lead the quantification of transition adjustments, including comparative restatements where required.
- Design and implement the revised processes and controls for ongoing revenue recognition.
- Prepare high‑quality accounting papers documenting transition decisions, judgements, and estimates.
- Liaise with internal stakeholders (Finance, Legal, Operations, Procurement) to gather inputs and explain accounting impacts.
- Assess the impact of revised lease accounting requirements under FRS 102, including identification and classification of lease arrangements.
- Review existing lease registers and completeness of lease data.
- Calculate right‑of‑use assets and lease liabilities where applicable, including transition entries.
- Prepare transition journals and accounting papers in line with the chosen transition approach.
- Support the development of a robust lease accounting framework for ongoing compliance
- Support the implementation of revised processes and controls for ongoing lease accounting
- Liaise with internal stakeholders (Finance, Legal, Operations, Procurement) to gather inputs and explain accounting impacts.
- Support changes to finance systems and reporting tools to accommodate revised accounting treatments.
- Review and enhance internal controls impacted by revenue or lease changes.
- Assist in updating process documentation and month‑end procedures.
- Support training and knowledge transfer to finance colleagues on new FRS 102 requirements.
- Develop practical guidance materials where appropriate.
- Ensure new processes are appropriately documented and embedded into BAU
- Qualifications: Qualified accountant (ACA / ACCA / CIMA or equivalent)
- Project Experience: Proven experience delivering accounting change or transition projects
- Practical Application: Ability to interpret accounting standards and apply them to real‑world commercial arrangements
- Technical Knowledge: Strong technical accounting knowledge of FRS 102, particularly revenue recognition and lease accounting. Strong understanding of external audit requirements
- Proactive: Proactive and self‑motivated with the ability to work independently and manage multiple project workstreams
- Change management: expert in driving and manging change, including strong stakeholder management and influencing skills
- Communication: Excellent written and verbal communication skills, with the ability to explain technical matters clearly to senior stakeholders and non‑specialists, collaborating effectively across departments.
- Solutions-focused: Strong analytical and problem‑solving abilities with a solution focused mindset
- Technology Skills: Advanced Excel skills and experience with accounting systems; experience with automation or process improvement initiatives is desirable
SCC is Europe\'s largest privately-owned IT business, based out of the new £7m HQ office in Birmingham and we help clients succeed through IT transformation and exceptional customer experiences. We are a business where innovation is greater as we combine unique ideas, people and disciplines. We are a global company that is passionate about IT and where we look to simplify the complex.
We are an equal opportunities employer
SCC is committed to providing equal opportunities and a proactive and inclusive approach to equality and diversity in employment. No applicant or employee will be treated less favourably than another on the grounds of a protected characteristic which are defined as sex, sexual orientation, age, disability, gender reassignment, trade union membership or non-membership, marriage and civil partnership, pregnancy and maternity, race and religion or belief.
If you are selected for interview, and need any reasonable adjustments made for your interview, please let the SCC Talent Acquisition team know, at the point of scheduling.
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.